| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 86th | Best |
| Demographics | 88th | Best |
| Amenities | 89th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 13930 Burbank Blvd, Sherman Oaks, CA, 91401, US |
| Region / Metro | Sherman Oaks |
| Year of Construction | 1972 |
| Units | 23 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
13930 Burbank Blvd, Sherman Oaks Multifamily Opportunity
Neighborhood occupancy is strong and consistent, supporting stable leasing conditions according to WDSuite’s CRE market data, with renter demand reinforced by a deep tenant base in Sherman Oaks.
Sherman Oaks scores highly for livability and renter appeal, with the neighborhood rated A+ and ranking 16th among 1,441 Los Angeles metro neighborhoods. Amenity access is a clear strength: restaurants and cafes sit in the top quartile nationally, and parks, pharmacies, and childcare density also trend well above national norms, helping sustain day-to-day convenience and retention.
For investors, rental performance signals are constructive. The neighborhood’s occupancy rate of 96.9% is competitive among Los Angeles neighborhoods (ranked 443 of 1,441), and renter-occupied housing units make up 55.8% of the local stock, indicating a sizable tenant base and demand depth. Median contract rents and household incomes both outpace national levels, which supports pricing power while calling for attentive lease management to balance affordability.
Education and demographics add further support. Average school ratings are strong (top quartile in the metro, 4.0 out of 5), and a highly educated resident base sits in the top national percentiles. Within a 3-mile radius, households have grown even as population has been roughly flat to slightly lower, and forecasts show additional household growth alongside smaller average household sizes. This combination typically points to a larger pool of renters and steady multifamily absorption potential.
Home values in the immediate area are elevated relative to national benchmarks, which denotes a high-cost ownership market. In practice, this tends to reinforce reliance on multifamily rentals and can support lease retention and occupancy stability, especially for well-located assets with everyday amenity access.
Safety indicators are favorable in comparative terms. The neighborhood’s crime profile sits above national averages (around the 74th percentile nationwide), and recent year-over-year estimates point to notable improvement in both violent and property offenses. Within the Los Angeles metro, the area performs above the median compared with 1,441 neighborhoods, signaling comparatively resilient safety dynamics without making block-level claims.
Proximity to major employers underpins renter demand and commute convenience, with Charter Communications, Radio Disney, Disney, Live Nation Entertainment, and Occidental Petroleum providing a diversified white-collar employment base within a short drive.
- Charter Communications — corporate offices (5.62 miles)
- Radio Disney — corporate offices (5.62 miles)
- Disney — corporate offices (6.50 miles) — HQ
- Live Nation Entertainment — corporate offices (7.09 miles) — HQ
- Occidental Petroleum — corporate offices (7.77 miles) — HQ
Constructed in 1972, this 23-unit asset in Sherman Oaks is older than the neighborhood average vintage, creating a straightforward value-add path through targeted renovations and system updates. Neighborhood fundamentals are supportive: occupancy remains competitive among Los Angeles neighborhoods, renter concentration is substantial, and elevated home values relative to incomes point to continued reliance on multifamily options. According to CRE market data from WDSuite, amenity density and school quality benchmark in the top tiers nationally, which can aid lease retention and pricing discipline.
Within a 3-mile radius, households have increased and are projected to expand further even as average household size trends smaller, indicating a larger tenant base over time. Local rent-to-income ratios measure below national norms, which can temper retention risk relative to other high-cost markets, while proximity to diversified employers supports steady leasing. Key considerations include ongoing capital planning for a 1970s vintage and careful revenue management to balance strong demand with affordability pressure.
- Competitive neighborhood occupancy and deep renter base support stable leasing
- 1972 vintage offers clear value-add and modernization upside
- High home values reinforce rental reliance and retention potential
- Strong amenity and school benchmarks aid leasing and pricing power
- Risks: capex for aging systems; manage affordability and lease turnover proactively